Both the ICT and St Mirren statements are horrendous, the SFL are blameless in this situation.
Both statements are eerily similar and talk of redundancies etc, and i imagine are reflective of most SPL clubs. That is why i cant get my head round St Johnstone and Killie signing players on contracts during this perid of financial uncertainty.
To go off on a tangent....
Right so Rangers are gone...sponsors are gone, clubs are forced to sort themselves out, some even go into administration.
What about when the Newco get back to the top division?
Surely sponsors will come back? A better TV deal on the table etc etc
In that case, we would have a top division of relatively financially prudent clubs, able to benefit massively from the revenue the returning newco would bring. And hopefully this extra revenue is spent wisely on youth development etc for the benefit of the game.
Chuck in reconstruction and i think it could be short term pain, for long term gain.